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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (4346)	9/24/2002 12:04:58 AM
From: Lorne Larson	Read Replies (2) \| Respond to of 11633

Went to December to review your posts and after awhile it became apparent that the you have a fixed mindset that by selling a trust you "fix" your loss, and that is the fundamental reason why you are opposed to switching. I could post literally hundreds of your posts on this topic, but it would, as you state, be a waste of time. It is my opinion that the concept of realized vs unrealized losses is completely irrelevant to good investing, and is simply a tax concept. Switching to a better stock is always a good idea, whether we are talking about trusts or regular stocks. Your personal balance sheet is exactly the same, whether the loss is realized or unrealized. Buying more at the lows is an entirely different topic. A person might well consider switching at a time when he has no additional funds for investment. And it is overly simplistic to simply say "accumulate at the lows". A person buying MXT at $6.00 or TAY at $7.00 might well have been buying at the than low end of their trading ranges, but would have made a critical mistake. A better tactic would have been to switch out of these stocks entirely at that time. In summary, I believe your thinking is fundamentally flawed on this issue. However I am obviously not going to change your mind, and I can assure you, you are not going to change mine.